NBA Future Betting

Everyone has wanted to see into the future, right? I imagine a couple of bettors have wished for this power so they can stake on future events and make money when their predictions come true. Unfortunately, no-one can do this, but you can get as close as possible with the excitement and potential earnings from future betting!

As with all types of online sports betting, futures became legal in states other than Nevada in 2018 when the US Supreme Court deemed PASPA unlawful. Now states have the right to legalize online sports betting, and those that have now have safe and legal sportsbooks available for people to download or use from their desktop.

Those who live in states where the necessary legislation has not yet been passed can still join in by heading over states lines into a state where online sports betting is legal. From there, you can start to enjoy future bets. In this expert guide, you will be taught about future bets and their odds so you can start wagering on them.

What is a Futures Bet?

To put it simply -Betting on an event that takes place in the future. The bet has to have a longer time frame than a regular bet, so betting on an event three weeks away doesn’t count. Typically futures are placed on events such as awards given at the end of the season like MVPs and on teams to win the big competitions (Like the NBA Finals).

Futures bettors like to place their bets before the season begins. This may sound counterintuitive at first, as if you place your bets mid-season, you will have seen how teams are performing or which players are playing the best. Although this is true, the extra information comes at a price. At the start of the season, the odds are usually the most generous because oddsmakers haven’t had a chance to evaluate teams. As the season progresses, you can still place futures, but if you have a futures bet in mind before the season starts, go for it and take advantage of the best odds.

This type of bet has proved very popular in the US because a single wager can last you a season of excitement. The highs and lows that come throughout a full schedule mean bettors get a thrill that lasts when placing these bets. Of course, the large winnings that come with some future bets are a help.

If you’re looking for futures on your sportsbook, choose your preferred major league sport, and then look for the ‘section’ called futures.

NBA Futures Betting

The MVP award is incredibly prestigious for any sportsperson to receive across the major leagues. In basketball, this is especially true given the individual impact players make. Let’s look at an example of how future bets work in relation to this.

Say a sportsbook offers 6/1 on power forward Giannis Antetokoumpo to pick up the award while playing for the Milwaukee Bucks. See below how to work out what you could win from a $100 wager.

The Total Payout = Bet x (Numerator/Denominator) + Stake

So for Giannis: $100 x (6/1) + $100 = $700.

The assumption with the example above is that the sportsbook used fractional odds. Turn these odds into a percentage by following this simple equation:

Denominator/(Numerator + Denominator) = Fraction x 100 = Percentage.

So again with Giannis: 1/(6+1) = 1/7 + 0.14 x 100 = 14%.

After all those equations, we can say the odds for Giannis to win the MVP award are at 14%. If you had the time and added up the odds of every player in the frame to win the award, it would add up to more than 100%. Sportsbooks do this to give themselves a bit of an advantage when an event is more likely to happen, as, with events that have lower odds, the sportsbook has to pay out less to winners.

Bet on Legal Futures

With all this expert advice in your head now, you may be desperate to use it to your advantage and predict the future of your favorite sports. Well, as long as you are in a state where online sports betting is legal and are of age, you can. Simply download a sportsbook app on your phone and find the range of markets future bets have to offer.

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